What was initially a healthy start to the day following a strong Asian session all that changed mid-afternoon when reports about Deutsche Bank hit screens yet again. So, rather than me recapping the whole day lets just concentrate on the final few hours where all the excitement accorded. The rumours hit the trading floors that a […]
Ten of the large hedge funds are withdrawing from Deutsche Bank. What must be understood here is that Deutsche Bank is the main clearing house for trades in Europe. The problem the hedge funds have is where do they move for clearing? Short-term, they can move to New York or London. With over $60 trillion […]
In Dresden, Germany, right-wing activists are retaliating against the Muslim refugees. They are said to be behind two huge terror bombs at a mosque. This is the first attack on Muslims using bombs. This will not be the last. What Merkel has unleashed on Europe will continue to escalate as the economy turns down. Anti-immigrant movements correlate […]
Despite the slew of announcements that Hillary was the victor of this week’s debate, the latest polls are still showing Trump ahead with 47% to Hillary’s 43%. Trump has come out to the criticism and said he will hit Hillary harder in the next round. The foreign press (seite_1_tages-anzeiger_2016-09-28) supports Hillary, as does the local press. They […]
The talk behind the curtain is that Hillary has a brain implant to calm her Parkinson’s disease. This way to deal with the disease is becoming more common as the FDA has approved such implants. This video shows the dramatic results of how this technology works. The rumor is that this is why Hillary was not publicly around for […]
Asia, specifically the Nikkei, traded heavy from the opening and although attempted a bounce mid-session by the close ended 1.3% down. The JPY therefore saw moves towards the 100 level but was eventually rejected reaching only 100.25 and by late US trading leveled at 100.75. Many traders speculating about the Shanghai playing with the 3k level […]
Congress voted to override Obama’s veto that families of those killed in the terror attacks on 9/11 would not be allowed to sue Saudi Arabia. This is the first time he has been overruled. This will open the courts in New York to some very interesting court battles, but Saudi Arabia will most likely sell […]
Private Blog Update for the Closing of September Dow & Gold
The markets have been coiling, and quite frankly, this reminds me of when Pope John Paul II was shot, which was the first attempted assassination of a pope, on Wednesday, May 13, 1981, in St. Peter’s Square in Vatican City. Mehmet Ali Ağca, a Muslim, shot and wounded the Pope while he was entering the square. It did […]
